SB1586Introduced in the Senate
Relating to economic development; prescribing an effective date.
Introduced by Janeen Sollman, District 15
What does this bill do?
Plain-English breakdown
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Official description
The Act would change the tax credit for semiconductor research. The Act would set up and change some tax breaks for advanced manufacturing, enterprise zones and regionally significant industrial sites. The Act would direct certain state agencies to set up deadlines to process applications for permits and to make the deadlines public. The Act would make those agencies, no later than 60 days after the date on which the Act becomes law, publish a list of the permits that they issue. The Act would change tax and other laws and rezone lands to aid economic growth. (Flesch Readability Score: 60.4). Modifies the tax credit allowed for semiconductor research. Creates and amends certain programs offering tax breaks related to advanced manufacturing, enterprise zones and regionally significant industrial sites. Directs certain state agencies to establish deadlines within which the agency intends to process applications for permits and make the deadlines available to the public. Directs certain state agencies to publish a catalog of permits issued by the agency within 60 days after the effective date of the Act. Adds rural reserves in Washington County to Metro to be used for high-technology and advanced manufacturing purposes. Takes effect on the 91st day following adjournment sine die.
Where it stands
In committee upon adjournment.
March 6, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Introduction and first reading. Referred to President's desk.
Referred to Finance and Revenue.
Public Hearing held.
Public Hearing held.
Public Hearing held.
In committee upon adjournment.
Verify the information
- Official page on the Oregon Legislature website
- Senate Committee On Finance and Revenue Amendment #-4 (amendment)
- Senate Committee On Finance and Revenue Amendment #-4 (amendment)
- Senate Committee On Finance and Revenue Amendment #-7 (amendment)
- Senate Committee On Finance and Revenue Amendment #-8 (amendment)
- Open Government Impact (supplement)
- Meeting Material (supplement)
- Preliminary SMS (supplement)
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- Witness Registration (supplement)
- Preliminary SMS (supplement)
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- Preliminary SMS (supplement)
- Witness Registration (supplement)
- Meeting Material (supplement)
- Meeting Material (supplement)
- Witness Registration (supplement)
- Introduced (text)
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